The Harmonic Bat is a variation to the Gartley pattern which was developed by Scott Carney. It is considered to be one of the more accurate patterns exhibiting a higher success rate than any other harmonic patterns.

The Harmonic Bat pattern has the following characteristics which can be used to identify the Bat pattern. The chart below shows an example of the harmonic bullish and bearish Bat patterns.

Harmonic Patterns In The Currency Markets

The main difference between the Harmonic Bat and the Gartley Pattern is the points or swing leg of AB. In terms of the target levels, the first target is set to Bearish Bat Pattern Trade Example.

The chart above illustrates an example of a bearish harmonic bat pattern which was executed perfectly. After price rallied to point D, it promptly reversed. A short position would then be executed with stops near the high of X.

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The first target 1 comes in at The above chart shows an example of a bullish bat pattern. In any case, price reversed near point D to reach all the three objectives of target 1 which is From the above, we do notice that the Gartley and the Bat patterns are almost similar with some minute differences as pointed out in the table.

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Trading the Harmonic Bat Gartley Pattern The Harmonic Bat is a variation to the Gartley pattern which was developed by Scott Carney. AB leg can retrace between Gartley Pattern Bat Pattern AB must retrace close to Bearish Bat Pattern Trade Example The chart above illustrates an example of a bearish harmonic bat pattern which was executed perfectly. After identifying the XA leg, we notice AB retracing Here, we notice that AB retraced You might want to mention that SCOTT CARNEY HarmonicTrader.

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